November 19th, 2015
The biggest update since the company’s launch empowers fans to sell tickets on the SeatGeek platform
NEW YORK, November 19th, 2015 — SeatGeek, the leading mobile platform for sports, concert, and theater tickets, today unveiled the SeatGeek Marketplace – a new set of features that enables fans to easily transfer and sell tickets to live events.
Designed for mobile users, the SeatGeek Marketplace allows fans to list their tickets for sale on SeatGeek with a few taps, placing their listings in front of millions of ticket shoppers on SeatGeek. With instant order fulfillment, industry-low fees and an easy-to-use interface that reduces the ticket listing process down to two steps, SeatGeek Marketplace makes it easy for even the most casual fans to sell their extra tickets.
“We’re thrilled about the possibilities that the SeatGeek Marketplace opens up for fans,” SeatGeek co-founder Russ D’Souza said. “Tens of thousands of tickets go unused every day because the process of selling tickets online is too onerous. By lowering the barriers for consumers to sell tickets online, our hope is that the SeatGeek Marketplace not only makes it easier for fans to recoup the cost of their unused tickets, but also makes it possible for many more fans to attend live events.”
The SeatGeek Marketplace was designed to address the pain points that have historically prevented fans from selling their tickets online. Existing ticket sales options for consumers amount to either unstructured online classifieds sites with no fraud protections, or marketplace sites with unfriendly mobile seller interfaces and opaque, expensive fee structures.
The SeatGeek Marketplace addresses these deficiencies with a suite of innovative features, including:
● Price Transparency -- Other ticket marketplaces tack fees on both buyers and sellers, making it hard for anyone to know what the true price of a ticket really is. On the SeatGeek Marketplace, only a low fee is assessed to the seller -- meaning that the price that a seller sets is the price a buyer pays, eliminating consumer confusion at the point of purchase.
● Dynamic Price Recommendations -- Leveraging the same technology that powers SeatGeek’s Deal Score value scoring algorithm, the SeatGeek Marketplace offers ticket sellers a recommended sales price will maximize return and the odds of that ticket selling.
● Fee-Free Transfers to Friends - Need to get rid of tickets at the last minute and know of a friend who wants to buy them? With the SeatGeek Marketplace’s paid transfer feature, fans can send tickets to a friend and charge them for those tickets simultaneously via the SeatGeek app, with no service fee assessed to either party.
● Easy Upload - To get a ticket ready to list on the SeatGeek Marketplace, a user only has to drag and drop a PDF onto their SeatGeek account page. From there, SeatGeek automatically processes the information on each ticket and allows users to list tickets on the marketplace with just one click.
● Simple Seller Payouts with Venmo - SeatGeek’s young audience frequently uses Venmo for peer-to-peer payments. Fans who sell tickets on the SeatGeek Marketplace can opt to have their payouts sent directly to their Venmo accounts in lieu of a bank account, making it even easier for sellers to access the proceeds of their sale than ever before.
The launch of the SeatGeek Marketplace comes on the heels of a period of torrid growth for the company over the past 24 months. The company raised $35 million in Series B funding from Accel Partners in August 2014, then $62 million in Series C funding eight months later, led by Technology Crossover Ventures. Additional SeatGeek investors include Founder Collective, Causeway Media Partners, Mousse Partners, Carmelo Anthony, Shane Battier, Peyton Manning, Eli Manning and musical artist Nas.
To learn more about SeatGeek, and to start buying or selling tickets, visit www.seatgeek.com/sell
About SeatGeek
SeatGeek (http://www.seatgeek.com) is the leading mobile-focused ticket marketplace that enables fans to buy and sell tickets for sports, concert, and theater events. With industry-leading mobile ticketing apps, a fan-friendly user experience and its proprietary Deal Score™ technology that helps fans identify the best ticket values on offer for a given event, SeatGeek is transforming the way that fans buy and sell tickets to their favorite events. Founded in 2009, SeatGeek is proud to be Made in New York.